Certification Course on Practical Filing of Income Tax Returns
Give the current rates urgent plz.................
service tax ?
vat ?
central sale tax ?
custom duty ?
solve this
cst rate is 2 %
service tax rate is 10.3%
vat rates depend on states in punjab there are three rates.
nil
5.5%
13.75%
for the 1st question, answer is A - 2717.39
for 2nd question answer is C - 4550 coz 1 laptop and clothes are exempted and no custom duty upto 25000 for computer.
plz rachit jain solve it step by step.............
your first quetion's answer is
2717.39
step of q 1
goods exclusive of cst = 3000*100/102 =2941.18
goods exclusive of excise = 2941.18*100/108.24 = 2717.3
value including cst= 3000
value ex, cst= 3000/102*100=2941.17
hence value before excise= 2941.17/108.24*10=2717.39
in Q 2. what about u say education cesses.... i think ans. 4687
thanks all
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